Because Wall Street is the home of the United States’ major monopolies and financial institutions, including the New York Stock Exchange, the American Stock Exchange, investment banks, government and municipal securities dealers, trust companies, and the Federal Reserve Bank. , the headquarters of various public utilities and insurance companies, as well as the general management offices of large companies such as banks, insurance, railways, shipping, mining, and manufacturing established by large consortiums such as Rockefeller and Morgan in the United States, becoming the center of finance and securities trading in the United States and the world. , Wall Street is often used as a synonym for monopoly capital. Monopoly capital dominates American politics and economy from here. Wall Street has become a symbol of the high concentration of monopoly capital, finance and investment in the United States.
On September 11, 2001, the World Trade Building in the New York Financial District near Wall Street was attacked by terrorists. The New York Stock Exchange stopped trading. At this moment, the U.S. economy and even the world economy almost came to a standstill. The financial empire of Wall Street The influence is evident from this.
Wall Street is the name of a large street extending from Broadway Road to the East River in the southern part of Manhattan, New York City. It is only one-third of a mile long and 11 meters wide. It is the transliteration of the English "Wall Street" . The streets are narrow and short, with only 7 sections from Broadway to the East River, but it is famous throughout the world as the "Financial Center of the United States". The management offices of banks, insurance, shipping, railways and other companies established by the American Morgan chaebol, Rockefeller oil king and DuPont consortium are concentrated here. The famous New York Stock Exchange is also here, and it is still the headquarters of several major exchanges: such as Nasdaq, American Stock Exchange, New York Futures Exchange, etc. The term "Wall Street" has now transcended the street itself and has become a synonym for the nearby area. It can also refer to the financial markets and financial institutions that have an influence on the entire U.S. economy.